With more and more manual business processes putting profitability and productivity at risk, the ways in which companies perform day-to-to-day operations is changing drastically. In the pursuit to cut operational costs and improve efficiency, technology is set to impact the accounts payable invoice process in new and dynamic ways. To better understand the market forces, developing trends and technologies companies are using in the AP invoice process today, Certify has surveyed more than 300 accounting professionals from outside its customer base to reveal the top accounts payable benchmarks and trends for 2017. In this presentation, you will learn what issues other companies like yours are facing in the AP invoice process, and what strategies and practices companies are using today to overcome common challenges.
Acounts Payable Trends 2017: The Process and Technology of AP Invoice (ACAP)Ashley Emery
In this presentation, you will learn what issues other companies like yours are facing in the AP invoice process, and what strategies and practices companies are using today to overcome common challenges.
Accounts Payable Trends 2017: The Process and Technology of AP Invoices | Sep...Ashley Emery
With more and more manual business processes putting profitability and productivity at risk, the ways in which companies perform day-to-to-day operations is changing drastically. In the pursuit to cut operational costs and improve efficiency, technology is set to impact the accounts payable invoice process in new and dynamic ways. To better understand the market forces, developing trends and technologies companies are using in the AP invoice process today, Certify has surveyed more than 300 accounting professionals from outside its customer base to reveal the top accounts payable benchmarks and trends for 2017. In this presentation, you will learn what issues other companies like yours are facing in the AP invoice process, and what strategies and practices companies are using today to overcome common challenges.
AP 101: How to Automate Your AP Processes and Improve ROIHelpSystems
Tired of time-consuming AP processes? View the slideshow to learn how to automate them with a document management system!
Watch the on-demand webinar on HelpSystems.com:
http://www.helpsystems.com/rjs/events/recorded-webinars/ap-101-how-automate-your-ap
AP Fiscal Year-End Close: A 10-Step ChecklistTradeshift
It’s that time of year again. For accounts payable professionals, along with CFOs, controllers, and corporate finance analysts, year-end is a whirlwind. Given all the internal and external reporting and audit requirements, you need access to timely, accurate, and consistent AP data. Your organization’s vital decisions depend upon it.
In this instructive 45-minute webinar, internal controls and compliance expert, Chris Doxey, will present strategic and tactical suggestions that you can use to deliver the best data and improve the fiscal closing process for your AP department. You’ll learn 10 steps to preventing duplicate efforts and unnecessary controls during the closing crunch.
This free educational event will leave you with a clearer understanding of the entire financial close process, including:
- Roles and responsibilities during the financial close
- Key metrics, controls, processes, and policies
- Properly accruing expenses, reconciling accounts, and dealing with reporting variances
These are unprecedented times for organizations across the globe where solid accounting practices matter more than ever before. Established processes and procedures have been turned upside down. As staff continues to work from home and the recession continues, finding new ways of working and delivering value to the enterprise will be key to navigating the challenges that lie ahead.
Canon Information & Imaging Solutions and SmartERP presented the six biggest trends that accounts payable leaders will face in 2021 and the steps they should take to address them.
Automation helps an organization's bottom-line through cost savings and efficiencies. In many cases, it allows workers to stay safe, as automation enables workers to reduce or avoid returning to the office to process manually-based workflows such as scanning and printing invoices, purchase orders, and even checks.
Studies show that top performing companies are using “touchless” (or straight-through) processing to process invoices in 1-3 days, compared to more than 15 days for the average company. This enables them to maximize discount capture and “best pricing” through spend analysis and contract management.
Every invoice that is processed in a touchless manner saves a tremendous amount of time, resources and money. Many top performing companies have implemented touchless processing and they continue to reap the benefits and improve year after year.
This 45-minute session with industry expert David Hay will discuss:
-How touchless processing can be achieved
-Process change and automation
-Collaborating with procurement to achieve touchless transactions
-Usage of cloud and mobile technologies
Accounts Payable Automation: Preparing Your Organization for a Digital FutureWEX
The accounts payable function at organizations is evolving, and as companies bring their AP processes into the digital future, they need technological advances to keep up, bringing them from point A to point B with more accuracy, speed, and cost-savvy. All of this and more can be done with planning and automation.
The following infographic shares statistics, facts, and tips on AP automation and modernizing your business processes for improved customer and supplier relationships, better discount capture, and enhanced visibility into business processes.
Acounts Payable Trends 2017: The Process and Technology of AP Invoice (ACAP)Ashley Emery
In this presentation, you will learn what issues other companies like yours are facing in the AP invoice process, and what strategies and practices companies are using today to overcome common challenges.
Accounts Payable Trends 2017: The Process and Technology of AP Invoices | Sep...Ashley Emery
With more and more manual business processes putting profitability and productivity at risk, the ways in which companies perform day-to-to-day operations is changing drastically. In the pursuit to cut operational costs and improve efficiency, technology is set to impact the accounts payable invoice process in new and dynamic ways. To better understand the market forces, developing trends and technologies companies are using in the AP invoice process today, Certify has surveyed more than 300 accounting professionals from outside its customer base to reveal the top accounts payable benchmarks and trends for 2017. In this presentation, you will learn what issues other companies like yours are facing in the AP invoice process, and what strategies and practices companies are using today to overcome common challenges.
AP 101: How to Automate Your AP Processes and Improve ROIHelpSystems
Tired of time-consuming AP processes? View the slideshow to learn how to automate them with a document management system!
Watch the on-demand webinar on HelpSystems.com:
http://www.helpsystems.com/rjs/events/recorded-webinars/ap-101-how-automate-your-ap
AP Fiscal Year-End Close: A 10-Step ChecklistTradeshift
It’s that time of year again. For accounts payable professionals, along with CFOs, controllers, and corporate finance analysts, year-end is a whirlwind. Given all the internal and external reporting and audit requirements, you need access to timely, accurate, and consistent AP data. Your organization’s vital decisions depend upon it.
In this instructive 45-minute webinar, internal controls and compliance expert, Chris Doxey, will present strategic and tactical suggestions that you can use to deliver the best data and improve the fiscal closing process for your AP department. You’ll learn 10 steps to preventing duplicate efforts and unnecessary controls during the closing crunch.
This free educational event will leave you with a clearer understanding of the entire financial close process, including:
- Roles and responsibilities during the financial close
- Key metrics, controls, processes, and policies
- Properly accruing expenses, reconciling accounts, and dealing with reporting variances
These are unprecedented times for organizations across the globe where solid accounting practices matter more than ever before. Established processes and procedures have been turned upside down. As staff continues to work from home and the recession continues, finding new ways of working and delivering value to the enterprise will be key to navigating the challenges that lie ahead.
Canon Information & Imaging Solutions and SmartERP presented the six biggest trends that accounts payable leaders will face in 2021 and the steps they should take to address them.
Automation helps an organization's bottom-line through cost savings and efficiencies. In many cases, it allows workers to stay safe, as automation enables workers to reduce or avoid returning to the office to process manually-based workflows such as scanning and printing invoices, purchase orders, and even checks.
Studies show that top performing companies are using “touchless” (or straight-through) processing to process invoices in 1-3 days, compared to more than 15 days for the average company. This enables them to maximize discount capture and “best pricing” through spend analysis and contract management.
Every invoice that is processed in a touchless manner saves a tremendous amount of time, resources and money. Many top performing companies have implemented touchless processing and they continue to reap the benefits and improve year after year.
This 45-minute session with industry expert David Hay will discuss:
-How touchless processing can be achieved
-Process change and automation
-Collaborating with procurement to achieve touchless transactions
-Usage of cloud and mobile technologies
Accounts Payable Automation: Preparing Your Organization for a Digital FutureWEX
The accounts payable function at organizations is evolving, and as companies bring their AP processes into the digital future, they need technological advances to keep up, bringing them from point A to point B with more accuracy, speed, and cost-savvy. All of this and more can be done with planning and automation.
The following infographic shares statistics, facts, and tips on AP automation and modernizing your business processes for improved customer and supplier relationships, better discount capture, and enhanced visibility into business processes.
[Webinar] A More Efficient Accounts Payable Function: Implement These Simple ...Anybill
Best practices are all in the details. Ignore those details at the expense of the profitability of the entire organization. It's that important.
In this webinar, Mary Schaeffer of AP Now and Tomorrow discusses:
- The true bottom line cost of ignoring best practices
- Changing best practices and the importance of identifying changes
- Best practices along the entire procure-to-pay process
- The role technology is playing in the best practice arena
- The future of best practices in accounts payable
6 Reasons to Consider Automating Accounts Payable invoice processingAavenir
AP automation enhances the efficiency of accounts payable operations with improved information accuracy, complete visibility into AP department performance, and better consistency with business and industry guidelines. AP automation offers benefits such as improved invoice data entry speed, enhanced accuracy, complete visibility into AP department performance.
Read a blog to find more.https://aavenir.com/6-reasons-to-consider-automating-accounts-payable-invoice-processing/
What does 2022 hold for AP and P2P organizations?
Financial teams are transforming into agents of change tasked with finding new ways to lead. In the current global environment, the key to future success is finding new ways to adapt, scale, and capitalize on technology.
We anticipate the changes we saw this year will continue, but don’t expect things to stop there. The most successful companies will be looking to lean into those changes and bring about even more dramatic transformation to their operations.
A Webinar presented by Image Processing Systems and PayStream Advisors on challenges, opportunities and success factors in automating the approval of accounts payable, substituting digital workflow for manual, paper-based processes.
Working Capital Management: The Missing Link in Payables and P2PSarah Fane
While automation is widely adopted across the Procure-to-Pay (P2P) process, many companies are not leveraging technology to the full extent, and therefore not capturing the full range of benefits.
There is one area in particular where organizations are missing important opportunities. When it comes to working capital management, many still follow traditional approaches that don’t leverage digital innovation for business advantage.
This report will examine where companies are falling short and how to make the most of your investment in your P2P process.
How does HubSpot help WooCommerce Stores to Grow?MakeWebBetter
HubSpot is significantly a great help to all B2B businesses of today’s marketing age as it provides an automated way of doing the online business. The HubSpot workflows, personalized emails, advanced Ecommerce reporting feature, discount coupon codes generation, one-click sync of data, tracking of data as soon as the customer purchases the products, etc strongly motivates online businesses to choose HubSpot for driving growth at their online stores.
HubSpot WooCommerce Integration essentially helps all WooCommerce store owners to automate their marketing too easily.
To Know more about HubSpot WooCommerce Integration, click here - http://bit.ly/2KdZygi
Write your suggestions and thoughts in the comments sections and help us know all your concern related to marketing automation in business
Resources - Icon Images - Freepik.com
HubSpot Marketing Module Screenshot - HubSpot
Images of Attract, Convert and Delight - HubSpot
Thanks for Watching
Team MakeWebBetter
Accounts Payable Killer Application for SharePointKnowledgeLake
Accounts Payable departments are making great strides in automating their operations by leveraging Microsoft software already available in your organization. According to IOMA, world-class Accounts Payable departments can process upwards of 80,000 invoices per person per year. This efficiency translates into a cost savings of more than $3 per invoice.
5 KPIs That Drive Accounts Payable PerformanceAavenir
With the advancement in technology, we have entered a world where almost everything can be easily monitored or tracked. There are apps with certain features to remind and give us tabs on our calendars to our travel schedules, our Uber rides to our food orders, and our exercise routines to our heartbeat rate. Nowadays progress is measured most often in seconds rather than minutes.
This also holds for an accounts payable department within an organization. With accurate KPI measurements & metrics, companies can address some of the common accounts payable challenges such as:
Reduce database errors due to manual data entry
Monitor invoices collection from various channels
Match invoice data with the purchase order, contract value, and goods/services received notes
Reduce the number of exception and manual workflow bottlenecks
Identify AP fraudulent transactions
Improve the efficiency of multiple accounts payable channels
For More Information: https://aavenir.com/5-kpis-accounts-payable-team-needs-to-track/
Learn how automated invoice matching is important for the supplier to prevent fraud, save money and keep proper documents for the audit trail:
https://aavenir.com/what-is-2-way-3-way-matching/
5 KPIs That Drive Accounts Payable PerformanceAavenir
To identifying bottlenecks and maximize the efficiency of the accounts payable department, companies should define Key Performance Indicators (KPIs) for the AP department.
Read this blog to find 5 KPIs almost every account payable department should be reviewing: https://aavenir.com/5-kpis-accounts-payable-team-needs-to-track/
AP Automation: Building a Successful Business CaseEsker, Inc.
It is the responsibility of the AP and Finance Managers to demonstrate how AP automation will not only benefit the AP department, but translate into benefits for the entire organization.
Purchasing and Accounts Payable Future RelationshipBill Kohnen
The lines between traditional Purchasing and Accounts Payable are blurring and in some organizations have already been eliminated. As a result there are organizational changes as well as changes in skills needed. Drivers for this have been technology, Procure to Pay approach, globalization and focus on electronic payments.
It’s no secret that Accounts Payable is one of the main areas of opportunity for automation and optimization within a finance department.
In this video recap of the webinar held on 2/26/ 2019; Auxis’ RPA Consulting Director Eduardo Diquez together with The CFO Leadership Council, UiPath & Ephesoft discussed a perspective on what it really takes to optimize the end-to-end AP function, its key benefits, key technology solutions in the market, and more.
What was covered:
- What does Modern Finance really mean?
- Digitization as a Key Element of the Modern Finance Organization
- Most Common Tools you should be implementing as part of your Digital Finance journey
- What’s driving RPA’s growth?
- Implementation Strategies & Alternatives
- How Outsourcing can help finance executives self-fund their Digital Finance Strategy and drive faster outcomes
Watch the recording of this session and learn how to structure a winning AP automation strategy from beginning to end. We will show demos of Intelligent Data Capture and RPA in action for invoice processing.
[Webinar] A More Efficient Accounts Payable Function: Implement These Simple ...Anybill
Best practices are all in the details. Ignore those details at the expense of the profitability of the entire organization. It's that important.
In this webinar, Mary Schaeffer of AP Now and Tomorrow discusses:
- The true bottom line cost of ignoring best practices
- Changing best practices and the importance of identifying changes
- Best practices along the entire procure-to-pay process
- The role technology is playing in the best practice arena
- The future of best practices in accounts payable
6 Reasons to Consider Automating Accounts Payable invoice processingAavenir
AP automation enhances the efficiency of accounts payable operations with improved information accuracy, complete visibility into AP department performance, and better consistency with business and industry guidelines. AP automation offers benefits such as improved invoice data entry speed, enhanced accuracy, complete visibility into AP department performance.
Read a blog to find more.https://aavenir.com/6-reasons-to-consider-automating-accounts-payable-invoice-processing/
What does 2022 hold for AP and P2P organizations?
Financial teams are transforming into agents of change tasked with finding new ways to lead. In the current global environment, the key to future success is finding new ways to adapt, scale, and capitalize on technology.
We anticipate the changes we saw this year will continue, but don’t expect things to stop there. The most successful companies will be looking to lean into those changes and bring about even more dramatic transformation to their operations.
A Webinar presented by Image Processing Systems and PayStream Advisors on challenges, opportunities and success factors in automating the approval of accounts payable, substituting digital workflow for manual, paper-based processes.
Working Capital Management: The Missing Link in Payables and P2PSarah Fane
While automation is widely adopted across the Procure-to-Pay (P2P) process, many companies are not leveraging technology to the full extent, and therefore not capturing the full range of benefits.
There is one area in particular where organizations are missing important opportunities. When it comes to working capital management, many still follow traditional approaches that don’t leverage digital innovation for business advantage.
This report will examine where companies are falling short and how to make the most of your investment in your P2P process.
How does HubSpot help WooCommerce Stores to Grow?MakeWebBetter
HubSpot is significantly a great help to all B2B businesses of today’s marketing age as it provides an automated way of doing the online business. The HubSpot workflows, personalized emails, advanced Ecommerce reporting feature, discount coupon codes generation, one-click sync of data, tracking of data as soon as the customer purchases the products, etc strongly motivates online businesses to choose HubSpot for driving growth at their online stores.
HubSpot WooCommerce Integration essentially helps all WooCommerce store owners to automate their marketing too easily.
To Know more about HubSpot WooCommerce Integration, click here - http://bit.ly/2KdZygi
Write your suggestions and thoughts in the comments sections and help us know all your concern related to marketing automation in business
Resources - Icon Images - Freepik.com
HubSpot Marketing Module Screenshot - HubSpot
Images of Attract, Convert and Delight - HubSpot
Thanks for Watching
Team MakeWebBetter
Accounts Payable Killer Application for SharePointKnowledgeLake
Accounts Payable departments are making great strides in automating their operations by leveraging Microsoft software already available in your organization. According to IOMA, world-class Accounts Payable departments can process upwards of 80,000 invoices per person per year. This efficiency translates into a cost savings of more than $3 per invoice.
5 KPIs That Drive Accounts Payable PerformanceAavenir
With the advancement in technology, we have entered a world where almost everything can be easily monitored or tracked. There are apps with certain features to remind and give us tabs on our calendars to our travel schedules, our Uber rides to our food orders, and our exercise routines to our heartbeat rate. Nowadays progress is measured most often in seconds rather than minutes.
This also holds for an accounts payable department within an organization. With accurate KPI measurements & metrics, companies can address some of the common accounts payable challenges such as:
Reduce database errors due to manual data entry
Monitor invoices collection from various channels
Match invoice data with the purchase order, contract value, and goods/services received notes
Reduce the number of exception and manual workflow bottlenecks
Identify AP fraudulent transactions
Improve the efficiency of multiple accounts payable channels
For More Information: https://aavenir.com/5-kpis-accounts-payable-team-needs-to-track/
Learn how automated invoice matching is important for the supplier to prevent fraud, save money and keep proper documents for the audit trail:
https://aavenir.com/what-is-2-way-3-way-matching/
5 KPIs That Drive Accounts Payable PerformanceAavenir
To identifying bottlenecks and maximize the efficiency of the accounts payable department, companies should define Key Performance Indicators (KPIs) for the AP department.
Read this blog to find 5 KPIs almost every account payable department should be reviewing: https://aavenir.com/5-kpis-accounts-payable-team-needs-to-track/
AP Automation: Building a Successful Business CaseEsker, Inc.
It is the responsibility of the AP and Finance Managers to demonstrate how AP automation will not only benefit the AP department, but translate into benefits for the entire organization.
Purchasing and Accounts Payable Future RelationshipBill Kohnen
The lines between traditional Purchasing and Accounts Payable are blurring and in some organizations have already been eliminated. As a result there are organizational changes as well as changes in skills needed. Drivers for this have been technology, Procure to Pay approach, globalization and focus on electronic payments.
It’s no secret that Accounts Payable is one of the main areas of opportunity for automation and optimization within a finance department.
In this video recap of the webinar held on 2/26/ 2019; Auxis’ RPA Consulting Director Eduardo Diquez together with The CFO Leadership Council, UiPath & Ephesoft discussed a perspective on what it really takes to optimize the end-to-end AP function, its key benefits, key technology solutions in the market, and more.
What was covered:
- What does Modern Finance really mean?
- Digitization as a Key Element of the Modern Finance Organization
- Most Common Tools you should be implementing as part of your Digital Finance journey
- What’s driving RPA’s growth?
- Implementation Strategies & Alternatives
- How Outsourcing can help finance executives self-fund their Digital Finance Strategy and drive faster outcomes
Watch the recording of this session and learn how to structure a winning AP automation strategy from beginning to end. We will show demos of Intelligent Data Capture and RPA in action for invoice processing.
Five Reasons Not to Use Excel Spreadsheets for Expense ReportingAshley Emery
Excel is an amazingly powerful tool that’s rightfully earned the adoration of accountants and finance professionals everywhere. However, anyone who has ever tried to use Excel spreadsheets for T&E expense management knows its limitations, especially at scale. Today, automation can help lower processing costs, improve control over spending, increase travel policy compliance and much more.
This webinar will discuss how the world of business travel and expense management has evolved beyond Excel and manual, paper-based T&E reporting processes. We will discuss best practices and real world examples of how automation of T&E can dramatically lower T&E processing costs, reduce mistakes, and streamline reporting and oversight.
Spend and Control 2017: Business Travel and Expense Technology Trends | Novem...Ashley Emery
Get the latest insights into today’s business travel trends and how they’re driving the purchase decisions and preferences of your employees on the road. You’ll also see survey results from more than 600 companies with insight into the tools and best practices they’re using to manage the expense reporting and reimbursement process.
Expense Management Strategies to Maximize ROI in 2016Ashley Emery
Advancements in automation continue to streamline the expense reporting process, and with it further reducing the time it takes for many companies to realize the return on investment from a new system. Join us for an informative hour-long webinar with data analysis from leading research organizations and more than 400 CFOs, controllers and accounting professionals to identify best practices in expense management today. You will also hear from a company that uses a fully automated reporting solution about how the system quickly delivers not just ROI, but better compliance with T&E policy, increased productivity and efficiency, and greater employee satisfaction.
The State of ePayables market research report, now in its 14th year, has become the most influential and widely-distributed report in its field. It is a must-read for all AP and finance professionals who want to understand the current trends in the market along with key performance data and best-in-class metrics.
Taming the Travel & Entertainment Expense Beast: Benchmarks & Best PracticesAshley Emery
Travel and entertainment—second only to payroll as the largest business expense—is becoming increasingly more difficult to control as companies expand across borders and grow through acquisitions. Discover how companies are leveraging technology in conjunction with procedural best practices to remove common T&E headaches including: the untimely submission of expense reports, lost receipts, inefficient processes and paperwork relative to reviewing and approving expense reports and ensuring adherence to company travel policies.
T&E Management: Comparing spreadsheets with expense report automation Ashley Emery
From receipts to Microsoft Excel spreadsheet templates, travel and entertainment expense reporting is historically rooted in manual, paper-based processes. However, for companies of a certain size or with certain reporting and operational requirements, paper and spreadsheets may not offer everything these organizations need in an expense management solution. Today, T&E automation software can help lower processing costs, improve control over spending, increase travel policy compliance and much more. Join Certify for this insightful live webinar comparing the pros and cons of manual, paper-based reporting processes with a fully automated expense management system.
Sales and Use Tax Process - Benchmarks and Best Practices for ManufacturersSovos
How do you stack up against your peers on other manufacturing tax teams?
As part of our ongoing Tax Tuesday webinar series, Sovos’ industry experts presented and analyzed new and unique results from a new comprehensive benchmark study from the Aberdeen Group on Sales & Use Tax challenges, trends, and solutions for manufacturing firms.
View our webinar on demand (see Slide 4 for Link) as Mark Christenson and Chuck Maniace detail how you can take a fresh look at how your business is performing compared to industry peers and learn what capabilities and approaches leaders in compliance are implementing today.
View our presentation and walk away knowing:
How your performance stacks up against your manufacturing peers
The biggest risks and tax compliance challenges for manufacturers of all sizes
How functional leaders feel about the compliance process vs. those managing the process
What is driving process-improvement and what capabilities and approaches leaders are taking
How you can successfully drive change in your organization
Expense Management in 2018: Planning for Success | December 19, 2017Ashley Emery
When it comes to company expense management priorities, is your team prepared for the year ahead? Join us and find out what more than 600 finance and accounting professionals identified as their top employee-initiated and travel and entertainment expense challenges, pain points and pressures to succeed in 2017. You’ll also learn the strategies and technologies they’re using to get ahead in 2018 by streamlining inefficient processes, reducing hassles, and saving time and money over spreadsheets and manual paper-based reporting programs.
Winning CFO Approval for Expense Management AutomationCertifyInc
In this webinar, we examine the top priorities of today’s CFOs and how automation helps to achieve these goals. We walk through five strategic themes that your business case must address if you want buy-in from the c-suite.
Five Expense Management Strategies That Save Time and Money While Banishing S...Ashley Emery
As accounting professionals and controllers are increasingly pressured to reduce costs and do more with fewer resources, expense management presents a significant opportunity to save both time and money in a number of ways. Find out how organizations today are managing the latest T&E expense spending, technology and business travel trends. Plus, learn how companies are using automation to streamline the expense reporting process, increase efficiency and productivity, and better control employee spending.
Topics covered include:
Banish timely spreadsheets and improve employee satisfaction, for good
Annual T&E expense spending trends and benchmarks by category
Top expense management challenges and goals for improvement
How to Identify the nearly 20% of out of policy company T&E’s
How mobile expense reporting to reduce processing costs by up to 65%
Ways to automate policy enforcement and improve compliance rates
Expense Management in 2018: Planning for Success | December 19, 2017Ashley Emery
When it comes to company expense management priorities, is your team prepared for the year ahead? Join us and find out what more than 600 finance and accounting professionals identified as their top employee-initiated and travel and entertainment expense challenges, pain points and pressures to succeed in 2017.
Uncovering the Employee T&E Spend Trends of 2017Ashley Emery
Do your employees have bad habits when it comes to travel spend? Do you wonder if there are areas where simple modifications to your policy could reduce costs? It can be difficult to spot patterns in employee spend behavior, especially when the expense reporting process is largely manual. This webinar will shed light on what is often a murky, poorly controlled area of the budget.
Featuring the latest survey data from PayStream Advisors and Certify, you’ll learn:
Expense management automation adoption and usage trends
Benchmark travel spending by category
Policy enforcement practices
Top drivers for expense management improvement initiatives
The majority of accounts payable organizations can reduce costs by up to 80%, according to analysts. This infographic pulls recent research from Billentis and Ardent Partners to illustrate the state of e-invoicing. New market research shows that AP is generally lagging behind in automation despite being under pressure to contribute strategically to enterprise financial operations.
Download the Ardent Partner report - ePayables 2014 – The Quest for more details: http://bit.ly/1qzmDYJ
2015 T&E Expense Benchmarking: Are Your Employees Splurging on the Company DimeAshley Emery
Travel and entertainment—second only to payroll as the largest business expense—is becoming increasingly more difficult to control as companies expand across borders and grow through acquisitions. Therefore effective budgeting, planning, and management of T&E expenses is critical for companies of all sizes in 2015 and beyond. How does your company’s overall Travel and Entertainment spend, and spend within key categories, compare with other companies? How are companies leveraging automation to better understand and control how employees are spending the company dime? Unfortunately, benchmarks for overall T&E spend and key T&E spend within each categories are all but impossible to find.
Autotask- Metrics that Matter 2014 - Len DiCostanzoMAXfocus
Join Len DiCostanzo, SVP Community and Business Development at Autotask, as he takes you through the key findings of our Metrics that Matter 2014 survey of 1,300+ IT Service Providers and MSPs. In this interactive session, Len will share ideas and advice about how to incorporate this invaluable peer insight to chart a course to profitability, and will ask the audience to chime in on what is happening in their part of the world.
Len discusses in detail:
•Where the opportunities for growth are
•Top demand drivers
•The trends that are changing client priorities
•The ways to improve profitability
•Business health metrics and the importance of benchmarking
Attend this session for a chance to win a 42” Monitor, or stop by our booth for more information.
RPA - Business Continuity & Automation Success StoriesTangentia
In this slide, we have talked about our 4P delivery model that is People, Projects, Platforms & Partners. Also, we have explained how we can automate manual processes effectively using RPA and Digital Workforce.
Tangentia's automation success stories will give you an idea of how we can effectively automate your business processes and the good impact it will have on your business.
Get in touch with us - https://www.tangentia.com/contact-us/
Digital Order-to-Cash: Innovation for the New Normal and Beyond | Emagia OTC ...emagia
Digital Order-to-Cash: Innovations for the New Normal and Beyond
Emagia is a leader in digital order-to-cash
Power of digital trifecta “Automation, Analytics and AI”
Intelligent. Hyper Efficiency. Self-Service. Touchless.
Automation – Eliminating Manual Tasks for Hyper Efficiency
Business License Bots
Resale Certificate Bots
Contractor License Bots
Liens/Bonds Bots
Bots for PODs
Bots for Bank Statements Gathering
Bots for EDI/MT940/BAI2 Feeds
Workflow System
Strategy and Rules Engines
Analytics – Empower Data-driven Operations
Global O2C Insights Hub
Over 100+ Insights
CFO Dashboard
Controller Dashboard
Credit Dashboard
AR Dashboard
Collections Dashboard
Cash Application Dashboard
Cash Forecasting Dashboard
Predictive Payment Dates
Predictive Dispute Reason
Predictive Invoice Match
Prescriptive Next Task
Prescriptive Work Flow.
https://www.emagia.com/resources/videos/digital-order-to-cash-innovation-for-the-new-normal-and-beyond/
Similar to Accounts Payable Trends 2017: The Process and Technology of AP Invoice | October 25 (20)
Reinventing AP: How employing automation leads to scalable growthAshley Emery
Learn why organizations of all sizes are leveraging AP automation to manage cash flow better, improve efficiency, and increase employee happiness in this on-demand webinar with the Institute of Management Accountants.
Original airdate: September 9, 2020
Speaker: Mark Brousseau, Brousseau & Associates
T&E Trends and Best Practices in the Digital WorldAshley Emery
T&E Trends and Best Practices in the Digital World
Original air date: October 30, 2019
Join us to discover five key themes from the 2019 Travel and Expense Management Trends Report, a comprehensive survey of almost 600finance professionals. You'll learn specific ways to lower T&E report processing costs, positively impact the productivity of your travelers, and improve your company’s working capital management.
The Power of Partnership: How Garmin and Helen of Troy Found an Expense Solut...Ashley Emery
How often do you find what seems to be the perfect software solution, but after a little more digging, discover that it doesn’t check off your requirements? Even with the strongest professional network, it can be hard to get accurate vendor recommendations.
Learn how Garmin and Helen of Troy navigated the path to purchasing an automated T&E solution:
-What were their objectives,
-How did they assess software vendors, and
-Ultimately why did they choose to partner with Certify?
Garmin pioneers GPS navigation and wearable technology and has more than 11,500 associates in 60 offices around the world. Helen of Troy is a leading global consumer products company with a portfolio of well-recognized brands such as Revlon and Honeywell.
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2. Webinar Notes
• Today’s event will be recorded and all attendees will be kept in listen-
only mode to eliminate excessive background noise.
• Links to today’s presentation and the recording of this webinar will be
sent out to all attendees within 24 hours of the event.
• Please ask questions on today’s topic via the “Questions” box in your
GoToWebinar control panel at any time during the event. We will do our
best to get to your questions during the Q&A/panel discussion at the
end of the event. If we do not get to your question, we will follow up
with you directly.
3. 360 Thought Leadership Consulting helps companies define and
unlock the strategic value of their thought leadership programs.
Formerly, Ernie served as Vice President, Educational Programs for
Proformative, as the Director of Treasury Services and as a Director
of the Corporate Treasurers Council for the Association for Financial
Professionals.
Ernie Humphrey
Chief Executive Officer
Today’s Speaker
4. Study Overview
Certify surveyed more than 300 accounts payable professionals to reveal the top AP invoice
trends, benchmarks and technologies for 2017 (non-customers). In this presentation, you will
learn what issues other companies are facing in the invoice process and what strategies and
technologies these companies are using to overcome these challenges, including:
• Benchmarks costs and turnaround times for AP invoice processing
• The top 5 AP pressures companies are facing and goals for improvement
• Why it takes 48% of companies over 10 days to process a single invoice
• Leading technologies used in AP invoice processing and payments
• Factors driving 65% of companies to consider AP automation
5. About Certify
• Industry-leading, fully integrated travel, expense and AP
invoice solutions
• 64 languages, 140+ currencies, clients in 80 countries
• #1 highest rated expense management software for
user satisfaction on G2 Crowd
• PC Magazine Editors’ Choice for best expense
management software of 2016
• Processing nearly 40 million expenses and receipts
valued at $50 billion in 2016
6. Study Demographics
302 Total
(All based within AP
department)
91%
(Work for companies with
annual revenue exceeding
$5 million)
Respondents
Revenue
United States
(All based within the U.S.)
92%
(Work for companies that
process over $100,000 worth of
AP invoices per year)
Location
Invoice Value
8. AP Invoice Process
• Paper
• Fax
• Email
• PDF
• ERS
• EDI/XML, PO-Flip
• eInvoice
• Business Rules
• Validation
• Matching
• Workflow
• Approval
• Alerts
• Disputes
• Check, ACH, Wire
• Commercial Cards
• Payment Networks
• Supplier Discounts
• Supply Chain Finance
Receive Process Pay
Ardent Partners 2017
9. AP Invoice Volume
0%
5%
10%
15%
20%
25%
30%
35%
10,000 to 20,000 5,001 to 10,000 1,001 to 5,000 501 to 1,000 500 or Fewer
Volume of Invoices Processed (Per Month)
Certify AP Trends and Benchmarks Survey 2017
7%
15%
31% 30%
17%
10. Complexity is Everywhere …
Percent of companies with vendors submitting more
than one invoice each month:
Certify AP Trends and Benchmarks Survey 2017
0
5
10
15
20
25
30
35
<10% 10-24% 25-49% 50-74% 75-100%
13%
24%
31%
25%
7%
11. Internationally, Too
Percent of companies receiving monthly invoices from
international vendors:
% Int’l
Invoices Received
% of Companies
Certify AP Trends and Benchmarks Survey 2017
0 5 10 15 20 25 30 35 40
0%
10-24%
25-49%
50-74%
75-100% 2%
9%
24%
38%
27%
12. Current AP Invoice Processing Methods
How do you currently process AP invoices?
Automated Invoice
Solution
Manual Paper-based
Process
Supplier Self-service
Portals
ERP System
Accounting Software
Certify AP Trends and Benchmarks Survey 2017
7%
15%
11%
21%
46%
13. Use of Automation
None
Supplier portal
Automated workflow routing and approval
ACH direct deposit payments
Invoice imaging/Electronic document scanning
Current Uses for Automation
Certify AP Trends and Benchmarks Survey 2017
58%
49%
44%
33%
12%
% reporting
14. Best-In-Class Automation
While automation is one of the lesser used technologies in the market, it is key in assisting with
some of the more troublesome processes such as:
79%
67%
61% 61%
50%
44%
41%
69%
41%
49% 51%
20%
23%
27%
Document
imaging and
scanning
eInvoicing Automated
routing and
approval
workflow
Automated data
capture and
extraction (e.g.,
OCR)
Self-sercice
supplier portal
Complete
Procure-to-Pay
solution
Business or
payment
network
Best-in-Class All Others
Ardent Partners - 2017
15. Pitfalls of a Manual Process
Increased processing cost
Longer processing times
Decreased employee productivity
Higher potential for human error
Greater risk of fraud and duplicate payments
Certify AP Trends and Benchmarks Survey 2017
Greater overhead and staffing requirements
16. 44% of companies receive at least
one half of all vendor and supplier
invoices electronically
Certify AP Trends and Benchmarks Survey 2017
17. Polling Question 1
What process does your company currently use
to process AP Invoices?
a) Fully automated solution
b) Manual paper-based process
c) Supplier self-service portals
d) ERP systems
e) Accounting software
f) Not sure
19. AP Invoice Processing Costs
Cost to Process a Single Invoice
$2 - $5 per report 29%
$6 - $10 per report 21%
$11 - $15 per report 14%
$16 or more per report 9%
Certify AP Trends and Benchmarks Survey 2017
20. At $6 to $10 to process a single report,
5,000 reports per month would cost
$30,000 to $50,000 and up to more
than $600,000 annually
Certify AP Trends and Benchmarks Survey 2017
21. Variable Cost Factors
Processing costs include a
number of variables:
The headcount needed
to process invoices
Lost productivity from
using employees
Additional materials
and storage needs
23. Polling Question 2
How much does your AP invoice process cost
your company on an annual basis?
a) $1 to $5 per report
b) $6 to $10 per report
c) $11 to $15 per report
d) More than $15 per report
e) Not sure
24. Automation can reduce processing
costs 60-80% compared to manual and
paper-based processes
Ardent Partners 2015
26. AP Invoice Turnaround Times
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Under 5 days 10 to 15 days 15 to 30 days 30 days or more
Time to Process a Single Invoice
Certify AP Trends and Benchmarks Survey 2017
46%
28%
14%
6%
27. Effects of Slower Processing
Why are longer processing times
problematic for organizations?
Backlog of
past invoices
Strained vendor
relationships
Rectifying
cash flow
Missing out on early
payment discounts
28. Best in class performers will process a
single invoice within 3.5 days, while the
majority of companies take 12 days
Ardent State of ePayables 2017
29. Top AP Invoice Payment Methods
Certify AP Trends and Benchmarks Survey 2017
31. AP Invoice Policy
Certify AP Trends and Benchmarks Survey 2017
Do you have an AP invoice policy in place?
Yes Yes, but they're not enforced No Not sure
4% 1%
77%
18%
32. Monitoring the Process
Certify AP Trends and Benchmarks Survey 2017
How do you monitor and report on AP invoice
performance metrics?
Manually calculating monthly volumes Accounting software analytics
Automated invoice processing software We only monitor cash flow
10%
19%
52%
19%
33. Polling Question 3
How long does it take to process and pay a
single invoice in your company?
a) Under 5 days
b) 6 to 10 days
c) 11 to 15 days
d) 15 to 30 days
e) More than 30 days
f) Not sure
34. Top Goals and Pressures to Improve
the AP Invoice Process
35. Topline Goals for AP Invoice Processing
Improving Supplier Relationships
Receiving Early Payment Discounts
Reduce Invoice Processing Costs
Efficiently Managing Large Invoice Volume
Faster Processing Times
Goals for AP Invoice Processing
Certify AP Trends and Benchmarks Survey 2017
34%
26%
13%
8%
19%
36. 88%
84%
73%
70%
61%
47%
61% 61%
34%
54%
28%
22%
Standardized AP
process across
the enterprise
Two or three-
way matching
capabilities
Ability to
process invoices
straight-through
Ability to
automatically
route invoices
for approval
Ability to match
invoices to
contracts or
payment plans
Ability to
measure key AP
metrics
Best-in-Class All Others
Best-In-Class Capabilities
• AP staffers want to
be able to process
invoices faster and
handle a greater
volume of invoices
with more ease.
• To achieve these
goals, a streamlined
process or solution
will be necessary.
• Vendor portals,
sluggish ERP or
software options and
manual processes
will limit the
company’s ability to
process invoices
quickly and
effectively.
Core AP Capabilities
Ardent Partners - 2017
37. AP Invoicing Pressures
The top pressures in AP invoice processing include:
High cost invoice processing
High percentage of exceptions
Losing/difficulty finding paper invoices
Missing out on vendor discounts
1. 2.
3.
4.
5.
Need for real
time availability
of data
38. Pitfalls of Out of Date Processes
27%
Do not track invoice
processing costs
6%
Do not track
processing times
There is a segment of
organizations that do not
track certain statistics within
the AP invoice process:
Certify AP Trends and Benchmarks Survey 2017
39. Improving AP via Automation
Making the switch to AP invoice automation:
Certify AP Trends and Benchmarks Survey 2017
40. Satisfaction with the current process
was the #1 reason not to switch to an
automated AP invoice solution
Certify AP Trends and Benchmarks Survey 2017
42. Polling Question 4
What are your top goals for the AP invoice
process within your organization?
a) Lower processing costs
b) Shorter processing times
c) Improve data insight and availability
d) Improve supplier relationships
e) Free up AP department resources
44. Additional Resources
Ardent Partners:
The State of ePayables 2017
http://bit.ly/2ik5FUt
Certify White Paper:
Accounts Payable Benchmarks and Trends for 2017
http://bit.ly/2x4Frrz